Adam
BTC - Adam and Eve double bottom with confirmationAs I said before, the bottom is in. I'm pretty sure of it. As you can see on this daily chart we have a perfect Adam and Eve double bottom pattern with confirmation. Does that mean we can't retrace a bit? Of course not and we should to some degree. But anybody still calling for prices below $3K is just ignoring the obvious.
Here is a better explanation with examples: thepatternsite.com
Full Disclosure: I'm long, staying long, and only trading in one direction - LONG! If we pull back a lot or a little guess what I'm going to do? Stay long and add to my current position. Did I mention I was LONG? :0)
Good luck and don't let this FOMO scare you if you are hell bent on shorting to zero.
Adam and Eve Double Bottoms for BTCUSD. Waiting for Breakout.Here is definitively a strong signal for a reliable and solid reversal. Now, waiting the Adam & Eve pattern to be validated with the breakout point in the neckline.
Note: This is not a prediction but only my own analysis following time spending in a lot of researches (I'm student). There are no trading advice here, except >>> don’t invest more than you can afford to lose.
$BTC showing multiple bullish signs. Up to 20% PPT. Short term.$BTC has been forming adam & eve pattern for last 3 month and pattern is almost completed.
As well there is a clear inverse head & shoulders formation.
However keep in mind that we are still in the bear market until all major resistance lines and levels are broken.
$BTC is approaching almost 1 year long descending resistance line that it will have to break in order to complete these bullish patterns (adam & eve and inverse head & shoulders).
There are few controversial things to consider - bearish divergence, declining volume, 200 weeks MA that acts as resistance and others.
Be very careful with this trade, set up stop loss and do not use high leverage.
It's not a financial advice.
Trade carefully and good luck!
Bitcoin 'Daily' Update - Day 338Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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*Using Weekly Chart*
Consensio: S EMA tried to make bullish cross with M EMA and looks like it is getting rejected which is very bearish.
Patterns: Phase 7 Hyperwave | Bear Channel | A&E or Bear Flag?
Horizontals:
Trendline:
Parabolic SAR: $4,123
Futures Curve: Backwardation
Funding Rates: Longs pay shorts 0.0032%
BTCUSDSHORTS: Took out horizontal support and appears to be turning it into resistance
TD’ Sequential: Green 5
Ichimoku Cloud: Tried to break through Tenkan-Sen but appears to be getting rejected
Relative Strength Index: Has climbed from 29 to 40 without the price going anywhere. I view that as bearish
Price Action: 24h: -2.3% | 2w: -4.5% | 30d: +6.5%
Bollinger Bands: MA at $4,186
Stochastic Oscillator: Rallying while price is flat
Summary: In the last daily update I said that:
“I can’t remember the last time I felt this bullish about crypto”
In 4 days I have gone from very bullish to neutral / slightly bearish. When the market flashes a bunch of bullish signals in confluence and then fails to go anywhere I take that as a very bearish sign.
We got a monthly Stochastic buy signal in confluence with a weekly buy signal. That is such a rare occurrence that it should be providing a lot of demand. The 4 & 9 week EMA’s were threatening to make a bullish cross for the first time in 7 months and likewise it should have created a significant amount of demand.
The futures market was in backwardation while the price was greater than the 2 week high, this is hands down one of my top two most bullish indicators. An Adam & Eve appeared to be forming on the 1D and was very clear on the 3D. The monthly TD Sequential was on a red 8. The 50 day EMA was rolling up and acting as support. The daily Ichimoku Cloud was fully bullish and acting as support.
Literally all of my favorite indicators were pointing in one direction which should mean there were a ton of traders seeing the same thing and entering orders to buy. When the supply overwhelms that much buying pressure then it is something to pay very close attention to.
Big moves often come after supply completely overwhelms all of the technical demand. It is a very strong indication that bears are overwhelming the bulls with ease. This is starting to feel very much like late September 2018. I am going to be staying away from entering new positions until this range breaks. At a minimum that means the blue pennant that has been drawn and even then I may want to wait until $3,200 or $4,200 falls.
On the bright side this will give me some much needed time to buckle down and focus on writing the book on Hyperwaves which I am co authoring with Leah Wald and Tyler Jenks. On the other hand I will have little motivation to make new updates until this range is broken. If you don’t hear from me for a while then that is why. I might have to change the name to Bitcoin Update and remove the daily aspect. Cheers!
BTC ADAM & EVE pattern points to $5200 after breakout!BITFINEX:BTCUSD
COINBASE:BTCUSD
BITSTAMP:BTCUSD
BINANCE:BTCUSDT
BITMEX:XBTUSD
KRAKEN:XBTUSD
The ADAM & EVE pattern is classic one, but quite rare and only valid in long-term time-frames, in this case the daily chart!
Despite being a rare figure, it is quite simple to operate and set your target.
The best entry is at the neckline breach and the target is the distance between the neckline and the EVE bottom, projected upwards.
Now it's time to hope that this pattern will be confirmed with a breakup in the coming days/weeks so we can surf that big wave up.
Please, leave your like, it is very important to me!
God bless!
BTCUSD: Rejection from BestFit Support Line and Adam-Eve FailureWhile the bullish fervor may have stirred me a bit, the bullishness is definitely gone with the failure of the Adam-Eve pattern.
As you can see above, I made a failed trade at the beginning of the day, small position, and a successful trade right after, large position, which made my week on a Sunday; not a bad turnaround from being deeply red, and almost stopped out, to black in about 15 minutes (A more novice me would have definitely lost all of the first trade, with a large position never-the-less, and never made a second trade). (Entertainment Only)
BTCUSD: Adam-and-Eve Double Bottom Near ConfirmationLooks like we will see some bullish action over the next one or two weeks based on our recent breakout and a bullish cross on the MACD.
The first horizontal yellow line is the Adam-and-Eve confirmation. The second horizontal yellow line would be the first higher high in the past few months.
Bullish BTC!? ADAM & EVE still forming!?Hi Guys!
As we see on this 1 D chart on Coinbase, there is a higher possibility of A&E formation playing out now. As we are holding support by the 10 D and 21 D moving averages now. Low volume weekends can ruin it though...
As everyone expects lower levels now, I still think we will pump up to at least to the 3850 areas to test the down sloping trend line.
After BTC could retest this current support, it would be a great area to go long. But BTC might break down and continue lower at least to the 3200 areas again.
Indicators are mostly neutral at the moment.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
Bitcoin: Adam and Eve formation showing 4450.BTCUSD is forming what looks like an Adam and Eve formation on 1D (turning neutral on RSI = 53.944 and bullish on Highs/Lows = 70.9091). What is more interesting is that it was achieved within the 1W 200 MA/EMA (drawn by hand due to cross chart conflict). This pattern suggests that a bullish target should be pursued with the distance of the Bottom to the Resistance being equal to the distance from the Resistance to the Target. Therefore that puts the TP at 4,450.
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BTC - Possible Adam and Eve bottom?Bitcoin on tight Bollingers and so far not dissolving down and defending 4k, probably gives a more bullish outlook.
In case we don´t see 3 as a Double Bottom, or maybe even lower and fall through, we might see a high probability
Adam and Eve with a neckline to break roughly around 4050. Also the 3day Stoch is quite low.
Not losing faith currently, bullish clear up is fairly within possibilities.